Royal Bank Of Canada Reiterates Sector Perform Rating for Intertek Group (LON:ITRK)

Intertek Group (LON:ITRK)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada in a report issued on Friday, MarketBeat.com reports. They currently have a GBX 5,000 ($67.45) price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 2.42% from the company’s current price.

ITRK has been the subject of a number of other reports. Berenberg Bank dropped their price objective on Intertek Group from GBX 6,000 ($80.94) to GBX 5,700 ($76.89) and set a “buy” rating for the company in a research note on Friday, May 30th. Shore Capital reiterated a “hold” rating on shares of Intertek Group in a report on Thursday, May 22nd.

Intertek Group Trading Down 1.1%

LON:ITRK opened at GBX 4,882 ($65.86) on Friday. The firm has a fifty day simple moving average of GBX 4,790.33 and a 200-day simple moving average of GBX 4,843.76. Intertek Group has a 12 month low of GBX 4,044 ($54.55) and a 12 month high of GBX 5,575 ($75.21). The company has a market capitalization of £7.84 billion, a P/E ratio of 25.45, a PEG ratio of 1.99 and a beta of 0.63. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 103.83.

Insider Activity at Intertek Group

In related news, insider Robin Freestone purchased 2,198 shares of Intertek Group stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of GBX 4,525 ($61.04) per share, with a total value of £99,459.50 ($134,169.03). Insiders own 0.45% of the company’s stock.

About Intertek Group

Intertek is a leading Total Quality Assurance provider to industries worldwide.

Our network of more than 1,000 laboratories and offices in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains.

Intertek is a purpose-led company to Bring Quality, Safety and Sustainability to Life.